According to Zacks, “PROS Holdings, Inc. a world leader in Pricing and Revenue Optimization Software, today announced that the underwriters of its initial public offering have exercised in full their over-allotment option. PROS is a leading provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. By using PROS’ software products, companies gain insight into their pricing strategies, identify pricing-based profit leaks, optimize their pricing decision making and improve their business processes and financial performance. PROS’ software products implement advanced pricing science, which includes operations research, forecasting and statistics. PROS also provides a range of services that include analyzing a company’s current pricing processes and implementing software products to improve pricing performance “
A number of other equities analysts also recently weighed in on the company. William Blair restated an outperform rating on shares of PROS Holdings in a research note on Monday, February 13th. Needham & Company LLC boosted their target price on PROS Holdings from $28.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $28.33.
Shares of PROS Holdings (NYSE:PRO) opened at 23.52 on Wednesday. PROS Holdings has a 12 month low of $10.61 and a 12 month high of $25.66. The company’s 50-day moving average price is $22.94 and its 200-day moving average price is $22.38. The firm’s market cap is $726.23 million.
PROS Holdings (NYSE:PRO) last announced its earnings results on Tuesday, February 7th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.05. PROS Holdings had a negative return on equity of 208.19% and a negative net margin of 49.08%. The firm had revenue of $39.90 million for the quarter, compared to the consensus estimate of $38.18 million. During the same quarter in the previous year, the business earned ($0.09) EPS. The company’s revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that PROS Holdings will post ($0.87) EPS for the current year.
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In other news, CEO Andres Reiner sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $22.40, for a total value of $1,120,000.00. Following the transaction, the chief executive officer now owns 487,638 shares in the company, valued at approximately $10,923,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.90% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. DF Dent & Co. Inc. increased its position in shares of PROS Holdings by 89.5% in the third quarter. DF Dent & Co. Inc. now owns 1,587,506 shares of the company’s stock worth $35,894,000 after buying an additional 749,720 shares during the last quarter. Norges Bank bought a new stake in PROS Holdings during the fourth quarter worth approximately $9,415,000. Sagard Capital Partners Management Corp boosted its stake in PROS Holdings by 25.7% in the fourth quarter. Sagard Capital Partners Management Corp now owns 1,073,093 shares of the company’s stock worth $23,093,000 after buying an additional 219,727 shares during the period. Castleark Management LLC bought a new stake in PROS Holdings during the fourth quarter worth approximately $4,385,000. Finally, Whetstone Capital Advisors LLC boosted its stake in PROS Holdings by 58.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 448,582 shares of the company’s stock worth $9,653,000 after buying an additional 164,825 shares during the period. Hedge funds and other institutional investors own 91.13% of the company’s stock.
PROS Holdings Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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